Step 1 – Inventory/Audit Legal design® requires identification of all intangible assets. In order to do so step 1 of Legal design® is an inventory of all intangible assets. This inventory is followed up by an audit on how these intangible assets are handled today.
Step 2 – Strategy Legal design® is to use law as a strategic instrument among others. The company is to take control of their intangible assets, but taking this control can be done in very many ways. A strategic decision can also be to let go of an intangible asset. The legal questions are treated as a part of the overall strategy of the business.
Step 3 – Implementation Legal design® requires implementation in order to fulfil its promises. Implementation of Legal design® consist of many different parts, different for every company. Implementation could be to use a certain kind of contract. Implementation of Legal design® could also be to empower all employees by giving them better understanding of intellectual property rights.